Heartland Financial USA Inc. Expected to Post Q1 2017 Earnings of $0.74 Per Share (HTLF)
Heartland Financial USA Inc. (NASDAQ:HTLF) – Equities research analysts at DA Davidson issued their Q1 2017 earnings per share (EPS) estimates for shares of Heartland Financial USA in a research note issued on Thursday. DA Davidson analyst J. Rulis expects that the firm will post earnings of $0.74 per share for the quarter. DA Davidson currently has a “Buy” rating and a $43.00 price target on the stock. DA Davidson also issued estimates for Heartland Financial USA’s Q2 2017 earnings at $0.78 EPS, Q3 2017 earnings at $0.82 EPS and Q4 2017 earnings at $0.86 EPS.
A number of other equities analysts have also recently commented on the company. Sandler O’Neill cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Zacks Investment Research cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods raised their target price on Heartland Financial USA from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Heartland Financial USA currently has a consensus rating of “Buy” and an average target price of $37.50.
Shares of Heartland Financial USA (NASDAQ:HTLF) opened at 35.34 on Monday. The company has a market cap of $867.42 million, a PE ratio of 11.61 and a beta of 0.70. Heartland Financial USA has a 1-year low of $25.95 and a 1-year high of $39.45. The company has a 50-day moving average price of $36.16 and a 200-day moving average price of $34.41.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. Heartland Financial USA had a return on equity of 11.50% and a net margin of 17.14%. The business had revenue of $104.14 million for the quarter, compared to analysts’ expectations of $103 million. During the same quarter in the prior year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Heartland Financial USA by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 527,110 shares of the company’s stock worth $16,230,000 after buying an additional 9,866 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Heartland Financial USA by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $5,830,000 after buying an additional 7,765 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Heartland Financial USA by 34.4% in the first quarter. Nuveen Asset Management LLC now owns 108,869 shares of the company’s stock worth $3,352,000 after buying an additional 27,873 shares in the last quarter. Geode Capital Management LLC boosted its stake in Heartland Financial USA by 4.7% in the first quarter. Geode Capital Management LLC now owns 130,135 shares of the company’s stock worth $4,006,000 after buying an additional 5,858 shares in the last quarter. Finally, Sii Investments Inc. WI acquired a new stake in Heartland Financial USA during the first quarter worth approximately $353,000. 41.20% of the stock is currently owned by institutional investors and hedge funds.
In other Heartland Financial USA news, Director Kurt Saylor sold 16,500 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $36.78, for a total transaction of $606,870.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.63% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Heartland Financial USA’s dividend payout ratio is presently 13.25%.
About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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